Pathstone Holdings LLC Buys 14,282 Shares of Matador Resources (NYSE:MTDR)

Pathstone Holdings LLC boosted its position in Matador Resources (NYSE:MTDR - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 237,504 shares of the energy company's stock after purchasing an additional 14,282 shares during the quarter. Pathstone Holdings LLC owned about 0.19% of Matador Resources worth $11,737,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTDR. Vanguard Group Inc. lifted its position in Matador Resources by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 11,124,705 shares of the energy company's stock valued at $742,797,000 after purchasing an additional 103,713 shares during the last quarter. Covestor Ltd raised its position in shares of Matador Resources by 121.4% during the 1st quarter. Covestor Ltd now owns 414 shares of the energy company's stock worth $28,000 after buying an additional 227 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Matador Resources by 191.8% during the 1st quarter. Advisors Asset Management Inc. now owns 709 shares of the energy company's stock worth $47,000 after buying an additional 466 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Matador Resources by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,104,791 shares of the energy company's stock worth $73,768,000 after buying an additional 53,322 shares in the last quarter. Finally, Sandia Investment Management LP bought a new stake in shares of Matador Resources during the 1st quarter worth about $334,000. 91.98% of the stock is currently owned by institutional investors.

Matador Resources Stock Performance

Matador Resources stock opened at $59.19 on Thursday. The firm's 50 day simple moving average is $53.05 and its 200-day simple moving average is $56.86. The company has a market cap of $7.39 billion, a P/E ratio of 7.84 and a beta of 3.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.84. Matador Resources has a fifty-two week low of $47.15 and a fifty-two week high of $71.08.

Matador Resources (NYSE:MTDR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.11. Matador Resources had a net margin of 27.45% and a return on equity of 20.01%. The firm had revenue of $770.20 million for the quarter, compared to the consensus estimate of $836.69 million. During the same period in the previous year, the firm posted $1.86 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts predict that Matador Resources will post 7.5 EPS for the current year.

Matador Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This is an increase from Matador Resources's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. Matador Resources's payout ratio is presently 13.25%.

Analyst Ratings Changes

A number of research firms have commented on MTDR. Truist Financial dropped their price target on shares of Matador Resources from $86.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. Mizuho dropped their price target on shares of Matador Resources from $85.00 to $74.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. KeyCorp dropped their target price on shares of Matador Resources from $76.00 to $72.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets boosted their target price on shares of Matador Resources from $75.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. Finally, Capital One Financial upgraded shares of Matador Resources from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $80.00 to $84.00 in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Matador Resources currently has a consensus rating of "Moderate Buy" and an average price target of $74.92.

Insider Activity at Matador Resources

In other Matador Resources news, CAO Robert T. Macalik bought 500 shares of the firm's stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $50.25 per share, with a total value of $25,125.00. Following the completion of the transaction, the chief accounting officer now directly owns 29,800 shares of the company's stock, valued at approximately $1,497,450. The trade was a 1.71 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Wm Foran bought 2,500 shares of the firm's stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $51.47 per share, with a total value of $128,675.00. Following the completion of the transaction, the chief executive officer now directly owns 37,751 shares of the company's stock, valued at approximately $1,943,043.97. This represents a 7.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 11,105 shares of company stock valued at $562,306. Corporate insiders own 6.10% of the company's stock.

Matador Resources Profile

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.